Steel PMI down by 1.1% MOM in May
2018-06-01 16:54:22 [Print]
According to the index report released by CFLP Steel Logistics Professional Committee on 31 May, Steel PMI posted 50.6% in May in China, down by 1.1% MOM. In this month, the raw material purchase index recorded 53%, up by 0.5 percentage points MOM, the import index of raw material was 52.1%, down by 1.6 percentage points MOM, the raw material inventory index was 48.2%, up by 1.5 percentage points MOM; the new orders index was 51.6%, down by 4.3 percentage points MOM, the new export order index was 42.5%, down by 3.1 percentage points MOM; the stock index of finished goods was 48.2%, down by 1 percentage points MOM, continuing to be in the contraction interval.
In the main sub index, the production index, purchasing index and raw material stock index rose slightly. The new order index, the new export order index and the inventory index of finished goods fell to some extent, and the purchase price index rose significantly. This showed that steel production increased, orders growth slowed down, steel companies stepped up shipments, and the market entered a state of adjustment.
In the main sub index, the production index, purchasing index and raw material stock index rose slightly. The new order index, the new export order index and the inventory index of finished goods fell to some extent, and the purchase price index rose significantly. This showed that steel production increased, orders growth slowed down, steel companies stepped up shipments, and the market entered a state of adjustment.
